Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries
Vaccines are essential to create a more resilient economic growth model. Ending the COVID-19 pandemic requires a more coordinated, effective, and equitable distribution of vaccines across the countries. Therefore, governments are in a race to increase the vaccination rates of the population. Given t...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-05-01
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| Series: | Frontiers in Public Health |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpubh.2022.872561/full |
| _version_ | 1818544648026587136 |
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| author | Weibin Xu Chi Keung Marco Lau Dongna Zhang Oladoke Oke |
| author_facet | Weibin Xu Chi Keung Marco Lau Dongna Zhang Oladoke Oke |
| author_sort | Weibin Xu |
| collection | DOAJ |
| description | Vaccines are essential to create a more resilient economic growth model. Ending the COVID-19 pandemic requires a more coordinated, effective, and equitable distribution of vaccines across the countries. Therefore, governments are in a race to increase the vaccination rates of the population. Given this backdrop, this paper focuses on the daily vaccinations per million data from March 1, 2021, to October 15, 2021, in 37 Organization for Economic Co-operation and Development (OECD) countries and examines the stochastic properties of the vaccination rates. We adopt the club convergence econometric methodology to investigate the club convergence paths of COVID-19 vaccination rates in OECD regions. The results indicate a significant convergence of the vaccination rates in seven clubs across 30 OECD countries. Moreover, there are seven OECD countries demonstrate non-convergent characteristics, which raises questions about ineffective vaccine balance. In addition, the paper also discusses the potential implications for the post-COVID-19 era. |
| first_indexed | 2024-12-11T22:51:14Z |
| format | Article |
| id | doaj.art-cb2a25b30c2c43f79bb91438a6c18ad0 |
| institution | Directory Open Access Journal |
| issn | 2296-2565 |
| language | English |
| last_indexed | 2024-12-11T22:51:14Z |
| publishDate | 2022-05-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Public Health |
| spelling | doaj.art-cb2a25b30c2c43f79bb91438a6c18ad02022-12-22T00:47:26ZengFrontiers Media S.A.Frontiers in Public Health2296-25652022-05-011010.3389/fpubh.2022.872561872561Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD CountriesWeibin Xu0Chi Keung Marco Lau1Dongna Zhang2Oladoke Oke3Zhejiang Yuexiu University of Foreign Languages, Shaoxing, ChinaDepartment of Economics and Finance, Hang Seng University of Hong Kong, Hong Kong, Hong Kong SAR, ChinaTeesside University Business School, Middlesbrough, United KingdomHuddersfield Business School, University of Huddersfield, Huddersfield, United KingdomVaccines are essential to create a more resilient economic growth model. Ending the COVID-19 pandemic requires a more coordinated, effective, and equitable distribution of vaccines across the countries. Therefore, governments are in a race to increase the vaccination rates of the population. Given this backdrop, this paper focuses on the daily vaccinations per million data from March 1, 2021, to October 15, 2021, in 37 Organization for Economic Co-operation and Development (OECD) countries and examines the stochastic properties of the vaccination rates. We adopt the club convergence econometric methodology to investigate the club convergence paths of COVID-19 vaccination rates in OECD regions. The results indicate a significant convergence of the vaccination rates in seven clubs across 30 OECD countries. Moreover, there are seven OECD countries demonstrate non-convergent characteristics, which raises questions about ineffective vaccine balance. In addition, the paper also discusses the potential implications for the post-COVID-19 era.https://www.frontiersin.org/articles/10.3389/fpubh.2022.872561/fullCOVID-19 pandemicdistribution of vaccinesvaccination rateseconomic growth modelcluster convergence analysisOECD countries |
| spellingShingle | Weibin Xu Chi Keung Marco Lau Dongna Zhang Oladoke Oke Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries Frontiers in Public Health COVID-19 pandemic distribution of vaccines vaccination rates economic growth model cluster convergence analysis OECD countries |
| title | Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries |
| title_full | Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries |
| title_fullStr | Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries |
| title_full_unstemmed | Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries |
| title_short | Testing the Club Convergence Dynamics of the COVID-19 Vaccination Rates Across the OECD Countries |
| title_sort | testing the club convergence dynamics of the covid 19 vaccination rates across the oecd countries |
| topic | COVID-19 pandemic distribution of vaccines vaccination rates economic growth model cluster convergence analysis OECD countries |
| url | https://www.frontiersin.org/articles/10.3389/fpubh.2022.872561/full |
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